$134.5 Million in Recovery Funds Now Available for New Hampshire

Application for Part 1 of New Hampshire’s State Stabilization Funds Approved Today

June 22, 2009 -- U. S. Secretary of Education Arne Duncan today announced more than $134.5 million is now available for New Hampshire under the American Recovery and Reinvestment Act (ARRA) of 2009. This funding will lay the foundation for a generation of education reform and help save hundreds of thousands of teaching jobs at risk of state and local budget cuts. New Hampshire will be eligible to apply for another $66 million this fall.

Today’s funding is being made available per New Hampshire’s successful completion of Part 1 of the State Stabilization Application, which was made available on April 1st.

“The $134.5 million New Hampshire will receive today is part of the single largest boost in education funding in recent history,” said Duncan. “The President’s leadership and support from Congress have made this historic investment possible. New Hampshire can now utilize these funds to save jobs and lay the groundwork for a generation of education reform.”

To date, New Hampshire has received 42.6 million in education stimulus funds—representing a combination of funding for Title I, IDEA, Vocational Rehabilitation Grants and Independent Living Grants. On April 1, New Hampshire received $15.5 million in Title I funding and $26 million in IDEA funding. This represents 50 percent of the Title I and IDEA funding New Hampshire is eligible for in total. On April 1, New Hampshire also received $962,000 in Vocational Rehab funds and more than $323,000 in Independent Living funds.

In order to receive today’s funds, New Hampshire provided assurances that it will collect, publish, analyze and act on basic information regarding the quality of classroom teachers, annual student improvements, college readiness, the effectiveness of state standards and assessments, progress on removing charter caps and interventions in turning around underperforming schools.

New Hampshire is also required by the Department of Education to report the number of jobs saved through Recovery Act funding, the amount of state and local tax increases averted, and how funds are used.

See New Hampshire and other state applications for initial funding under the State Fiscal Stabilization Fund Program at http://www.ed.gov/programs/statestabilization/resources.html.

Source: Dept. of Education